New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-05-12


THE TRIBUNE OF February published the general
statement OF the Delaware and Hudson Canal Companys
business for 1886, showing net surplus or profits OF
$11754S6 only $1O9I0 less than in 1885. The
panys full report for the just issued furnishes add
ona information Of interest The quantity OF coal pro-
duced from the mines OF this company In 1886 was
3499727 against ,693 tons in 1885. and the
quantity transported for others 63S071 TONS against
ss3 tons in 1885, total TONS 100 tons in 1885
and ,0S0576 tons In 1885, Coal hand at the end OF
1885, 147947 TONS against tons at the beginning
OF the year; difference, 227,744 tons. This makes
the companys OF coal 3727 AL for the year,
for which $7399 095 received 81 3d.
The operations Of the companys leased lines In New.
York year returned loss OF only S21 695, against
loss OF S31 $50 in 1885 The balance-sheet OF Decem-
Der 81 1886, shows cash and bills receivable OF
S4,459O07 against cash liabilities Of S6943o2. But we
understand that 81 100000 Of the S3l42s5 cash was
appropriated to payment January /, 1887 OF the
Union Coal Companys bonds
The New-York Central and Hudson River Railroad
Companys official report to the State commissioners for
the quarter ending March 81 1887, in its final
results differs only $4,000 from the estimate
which published in the middle OF
March The net earnings for the quarter
applicable to dividends 1928, 256or 69-l00 per
cent on the capital stock. The payment OF per cent
dividend left deficit for the quarter OF $27lO2I For
the six menths ended March 81, 18S7the first half OF
the company's fiscal year-the net earnings were
50, 228, 363-or 49-100 per cent on the stock The
payment OF per cent dividends. therefore, leaves
surplus for the Blk months Of $4,000 The large In
In operating the last quarter the
corresponding quarter OF 1886 S75253D has been
planned before by the charge TO that account OF some
thing O00O0as the proportion OF cost for build
ing 900 new freight cars 80 passenger cars and
Is new locomotives Tho quarterly and six months
comparisons years printed below under the
head of Railroad Earnings" Tho gross earnings OF the
company for the OF April also printed below
They show gain for that month the same month OK
1886 of 1888 1877 while the gain in earnings for
the preceding three months only $747,150
The stock market to-day has behaved well and looks
we'll The character Of the dealings cannot be regarded
In any other light than that of encouragement Without
booming or forcing strong tone developed through
out the whole list Probably Of the leading opera
tors who have not permitted themselves to be called
"bears" but while talking "bulsh" for the long pull
have quietly advised their followers to wait for reac
ton before purchasing fearing that they might be
little lame in their expressed opinions today have been
| FREQ purchasers OF stocks The transactions OF
the day i266 900 sharesl $4,000 shares greater
| than Yesterdays business There is significance
in the fact that the business and the principal advances
run TO rst-cass stocks Northwestern closes with an
advance of per cent? Omaha preferred with an advance
of Is per Illinois Central with an advance VI LIS
per cent; Burlington and Quincy with an advance OF 1as
per cent and Island with advance Of Il percent
These stocks only small percentage were purchased
| nv a ,peculatiye interest In Western Union, which
closes with an advance OF cent there seemed to be
n manipulating force at work. But whether IL was In
the interest OF continuous advance in the market or for
| the temporary purpose OF enabling sales Is an
| unsettled question. The coal stocks all ruled
| strong within narrow fluctuations Philadelphia and
Reading ranged between As and ASIA, closing at 49,
| while Delaware Lackawanna and Western scores
final advance at s. per at 13S. The trunk lines
were simply strong with small advances. Chicago. St
attracted attention at 81
| a5la Fort Worth and Denver. which for the moment
"a the mystery Of the market, closed higher than
did last evening Richmond and West Point and Pacific
Mail were the two exceptions in the market In showing
declines from last evenings prices The long list OK
earnings for the first week In May, which Is printed
| herewith, again puts the prophets at fault
| There is something amusing In this mornings
Chicago dispatches which ascribe tho cause for two
failures there to the effects Of the Interstate Commerce
law To the ordinary mind sufficient reasons for failure
would be discovered In fact thatn case the act
nal liabilities were $4iSO0o and the nominal assets
So56 600 and In the other the actual liabilities were
| 1908 900 and the nominal assets were $ls3,Oo0. II
Chicago writer's could only learn to furnish news Without
stock exchange coloring their dispatches would De OK
more value We suppose that now that the fashion mas
heen set every failure which In the next twelve
months will be due the effects Of tho Interstate Com
erce hill Nevertheless tho stock market is strong all
the time has been strong three months and contnu
ally is gaining strength from the quiet absorption Oh oat
side buyers despite all INC enoi'S iu""' ." WV ~
| i Goyernment bonds were dull and steady at un
| changed quotations as follows: